Rise in textile production and the huge benefits associated with textile enzymes drive the growth of the global textile enzyme market. Based on application, the bio-polishing segment generated the highest share in 2020.
The findings of the report state that the global market for textile enzyme generated $672.3 million in 2020, and is expected to garner $1.22 billion by 2030, witnessing a CAGR of 6.3% from 2021 to 2030.The report offers valuable information on evolving market trends, major segments, top investment pockets, and key competitors for market players, investors, shareholders, and new entrants.
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Eswara Prasad, the Manager, Chemical and Materials at Allied Market Research, highlighted, “Rising textile production worldwide will drive the textile enzyme market. Significant potential of the denim clothing sector and advancements in textile manufacturing provide new growth opportunities to players operating in the textile enzymes market.”
The report offers an in-depth analysis of drivers, restraints, and opportunities to help market players in devising strategies and capitalizing on potential market opportunities. Rise in textile production and various advantages of textile enzymes drive the global textile enzyme market. However, high cost of textile enzymes impedes the market growth. On the other hand, increase in use of enzymes in fabric de-sizing and bio-polishing presents new opportunities in the upcoming years.
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The bio-polishing segment generated the highest share in 2020, accounting for more than one-fourth of the global market. The desizing segment, however, is projected to manifest the fastest CAGR of 7.0% from 2021 to 2030.
The market across Asia-Pacific held the lion’s share in 2020, garnering nearly half of the global market. The same region is also expected to cite the fastest CAGR of 6.6% by the end of 2030. The other provinces studied in the report include North America, Europe, and LAMEA.
The leading market players analyzed in the global textile enzyme market report include Genotek Biochem., BASF SE, Koninklijke DSM N.V., E.I. du Pont de Nemours, Maps Enzymes Ltd., Refnol Resins & Chemicals Ltd., Tex Biosciences Pvt. Ltd., AB Enzymes, Lumis, and Novozymes A/S.
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